Can I close the current company and use the same subscription to open a new company? (no longer doing their books)

Hello there, streamline118.

Each QuickBooks company needs to have a subscription and only allows one company per subscription.

When closing the current company, you will need to sign up for a new QBO account to open a new one. It'll create another subscription. Since you have an existing account, you can use the same login credentials when signing up.

1. Go to https://quickbooks.intuit.com/online/.
2. Choose a version of QuickBooks.
3. On the signup page, select Sign in.
4. Enter your login information and follow the on-screen prompts to set up the second company.

Also, you can switch companies you have anytime. Here's how:

1. Go to the Gear icon. 
2. Under Profile, select Switch Company.
3. From the list, select the company you want to switch to.

That's it. Please let me know if you have other questions about QuickBooks. I'm happy to help anytime. Take care always.

@streamline118 

You should open a new blank QBO account to pay the discounted rate for a few months.

https://quickbooks.grsm.io/EU